US SEC Chairman Supports Cryptocurrency, Bitcoin Nears All-Time High, Four Altcoins May See Rebound
US Securities and Exchange Commission Chairman Paul Atkins expressed support for Bitcoin and cryptocurrencies, driving the cryptocurrency market upwards. Bitcoin's price touched $110,000 before retreating, approaching its all-time high, and altcoins also generally rose.
Here are four altcoins that may rebound significantly in the coming weeks:
LINK
Chainlink is connecting traditional finance with blockchain, operating most of the oracle systems on Ethereum, supporting over $60 billion in DeFi assets. Its price needs to break above $16 to confirm a bullish reversal; if it holds, it may rise to $17.5, but it could also test support first.
ETH
Ethereum's staked amount exceeds 34 million coins, accounting for 30% of the total, with strong institutional support. If the price rises above $2800 and holds, it is expected to break through $3100 and even reach $3650.
INJ
Injective platform's trading volume reached $2 billion, with several well-known companies participating in its Injective Summit. Its price needs to return above $15 and break through the resistance at $18-19, after which it may rise to around $31.
HYPE
Hyperliquid's user count has doubled, trading volume has increased twofold, outperforming similar projects, and today it hit an all-time high with a trading price of $42. Analysts suggest buying when it pulls back to around $39, after which it may rise to $44-46.
#LINK #ETH #INJ #HYPE